Wool Online offers a web-based digital sales system that is specifically tailored for the New Zealand wool trade, and as such provides an efficient sales mechanism for the 21st century.

Advantages of using the system include:

* More Frequent Sales: Growers can sell and get paid faster, while buyers gain access to wool on a weekly (or even more frequent) basis.

* Cost Efficiency: Eliminates the need for physical open-cry auctions, saving on travel and time costs.

* Performance: Delivers better price outcomes and cost efficiencies compared to traditional open cry auctions due to more Buyer competition.

* Independent Participation: Enables individual export companies (Buyers) to participate directly, without intermediaries.

* Transparent Pricing: Bids are made in NZD Cof Dry, providing a clear and transparent pricing basis.

* Flexibility: Sellers are able to sell wool via fast-paced rolling auctions which mimic the legacy open-cry auctions, online Tenders, or (in the future) immediate Buy Now options.

Additionally, Wool Online Ltd is continually working on new technologies in use in the underlying software layer, to ensure the system remains compatibile with the rapidly changing nature of internet technology. The digital nature of the selling system allows us to add new features and modify existing ones, to keep the platform efficient and relevant over time.

What Is Wool Online    ::    How Does It Work